Corporations that outsourced jobs from the U.S. to Mexico to China in search of low wage employees are now off to Cambodia. Where next?
Mitt Romney bought companies through LBOs: borrowing the purchase price using the target company itself as collateral, then selling off the profitable parts and cutting loose employees to turn a profit. Now he’s pretending to have votes polls say he doesn’t have, trying to convince undecided voters who want to back a winner to climb aboard his ersatz winning horse. It’s the attempted leveraged buyout of the United States.